• "First Time Car Buying Tips For Teens & Safe Teen Driving." CarBuyingTips.com New Car Buying Guide, Avoiding Dealer Scams, New Cars, Used Car Buying. Web. 05 Apr. 2011. <http://www.carbuyingtips.com/first-time-buyer.htm>.
  This site provides informations for teens who are buying their first car. It gives knowledge about what kind of credit you should have and the responiblility that comes with owning a car. It includes all of the information that a teen needs before considering a car and while trying to choice one, along with how to pay it off.

Facts

1. You must also put down 20% on the car to keep from getting upside down, where you owe more on the car than it is worth.
2. Yahoo!Autos, Cars.com, InvoiceDealers, Edmunds.com, MyRide.com and CarsDirect all help you save when buying new cars.
3. AutoCheck Vehicle History Report on the Vehicle Identification Number (VIN)
4. have a mechanic inspect the car on a lift.
5. There is no 3 day grace period to return your car
6. Lack of credit history is the biggest barrier, it is very difficult to get a car loan
7. Lenders won't approve car loans on used cars older than 5 years
8. Insurance rates for teens especially are very costly
9. Insurance rates for single males under the age of 25 are also very costly
10. if your Score is < 550, don't apply for new car loans
11. People with bad credit pay higher auto loan interest rates.
12. Lenders want to see you have a minimum monthly income of $1600
13. department store card are mostly 21% APR.
14. credit card balances above 50%, or they will reject you.
15. Co-sign loans can help you establish credit